by confoundedinterest17 So much for the hopium spread by the Biden Administration and Realtors in general. US Pending Home Sales crashed -23.3% YoY and -5.2% MoM for the 16th straight month of negative growth in pending home sales. Wasting again …
by BoatSurfer600 Credit wolf street US money supply falling at fastest rate since 1930
by confoundedinterest17 US pending home sales rose 8.1% in January. At the same time, pending home sales declined -22.4% on a year-over-year (YoY) basis. So, YoY pending home sales growth has been negative for 19 of the last 20 months.
by confoundedinterest17 The US housing market continues to struggle as The Federal Reserve continues to fight inflation. Today’s pending home sales are another nail in housing casket. Pending home sales declined -34.4% year-over-year (YoY) as M2 Money growth went negative (-1.3% …
by confoundedinterest17 US existing home sales in November collapsed by -38.6% YoY as M2 Money growth runs out of gas. The above chart is similar to yesterday’s “Ski Slope” chart of US home prices YoY. What will President Biden do about …
by confoundedinterest17 The Federal Reserve continues to remove the monetary punch bowl despite the global yield curve inverting and The Fed fighting Bidenflation. On the mortgage front, mortgage applications decreased 0.8 percent from one week earlier, according to data from the …
Central banks have not been able to reduce their balance sheet after a QE. Even Fed was very hesitant in the second half of 2010s. They “don’t know” the impact they say but I suspect they fear too much market …
by Boo_Randy Anyone stupid enough to have bought into the Fed’s insane Housing Bubble 2.0 over the past two years is going to get their head handed to them when it all comes crashing down. Got popcorn? https://wolfstreet.com/2022/07/01/housing-bubble-getting-ready-to-pop-pending-sales-plunge-in-june-homes-listed-for-sale-jump-price-reductions-spike-amid-holy-moly-mortgage-rates/ Pent-up supply …
by confoundedinterest17 How blue can you get? US pending home sales declined -12% YoY in May as The Fed cranked up mortgage rates. That was 11 out of the last 12 months had declining pending home sales. How about something …
by confoundedinterest17 US pending home sales for February surprised to the downside, down -4.1% MoM and -5.4% YoY, as mortgage rates soar. And inventory remains MIA. Not surprisingly, March median sales prices are up 17% YoY. University of Michigan buying conditions for …
by confoundedinterest17 Well, at least markets recovered yesterday (Dow up 500 points this AM) from the Russian invasion of Ukraine. But now on to other news. US pending home sales fell -9.07% YoY as mortgage interest rates began rising. The University …
by David Brady via Sprott Money Today, we got the latest CPI numbers, and they were explosive. Headline expectations were for a 7.3% increase year-over-year. It came in higher at 7.5%. It may not sound like much, but that’s the highest CPI since …
by confoundedinterest17 Pending home sales in the USA tanked 6.64% YoY. Yes, it was for December, but down 6.64% YoY means that pending home sales are lower than last December. And the stock market was up across the board as Powell …
Pending home sales are crashing which could lead to a crash in home prices. With the end of fiscal stimulus, the Fed reining in their easing program, high prices, first-time home buyers disappearing pending home sales are crashing. With affordability …
https://www.youtube.com/watch?v=rgVkNxQ21ss Billionaire tech entrepreneur Elon Musk has again teased plans to begin human testing for his company’s brain chip implant, Neuralink, giving another aspirational date after previously claiming human trials would soon begin. Addressing an event held by the Wall …
by confoundedinterest17 A forward-looking gauge of U.S. home purchases rebounded in October to a 10-month high, signaling steady housing demand despite growing affordability concerns among many prospective buyers. The National Association of Realtors’ index of pending home sales increased 7.5% from a month …
by Martin Armstrong The traditional analysis keeps calling for the next Black Swan event asserting that massive leveraging of US nonfinancial businesses since 1972 is incompatible with the stock market levels rising from 62% to 204% of GDP. Of course, …
by confoundedinterest17 US pending home sales declined -2.3% MoM and -7.19% YoY as US GDP sinks like a paralyzed falcon, (Bloomberg) — The National Association of Realtors’ index of pending home sales decreased 2.3% in September from a month earlier to 116.7, largest drop …
https://twitter.com/leadlagreport/status/1447911935916355585 IMF warns on inflation, says the Fed and others should be prepared to tighten policy IMF Issues Global Stagflation Alert: Cuts Global GDP As It Warns Of Rising Inflation And “Dangerous Divergence” This is contagion. China developers in October: …
https://www.timescolonist.com/opinion/columnists/les-leyne-15-000-water-wells-could-be-declared-illegal-in-2022-causing-economic-chaos-1.24362080 ….. The only problem was that scarcely anyone paid any attention to it. Particularly the thousands of individuals, farmers, businesses and entities in rural B.C. who use well water for anything other than domestic purposes, and have been …
by confoundedinterest17 US pending home sales tanked -9.5% YoY in July. Unexpected? Not with the Citi Economic Surprise declining below zero. The northeast PHS fell -6.6% MoM while the midwest fell -3.3% MoM in July. Here is a video demonstrating The …
by confoundedinterest17 According to the National Association of Realtors, US pending home sales erupted at 25.2 year-over-year growth rate. As the Federal Reserve continues it money printing madness +24.2% year-over-year growth.
by confoundedinterest17 Well, the data for pending home sales is for February (the dead of winter). But US pending home sales MoM fell -10.60% and -2.70% on a YoY basis. As mortgage rates start their long-predicted rise. Let’s hope that March …
by WARREN MOSLER Can’t be making Tariff Man happy: Highlights The effects of cross-border trade actions have been difficult to pinpoint in the national economic data but outlines may be appearing in goods trade. The nation’s goods deficit swelled to a …
by WARREN MOSLER Apple says China sales fell 27% last quarter (Nikkei) Apple’s net sales in greater China, including the mainland, Hong Kong and Taiwan, fell 27% on the year to $13.17 billion for the three months ended Dec. 29 …
Look at this chart: ratio of “present situation” to “expectations” from the Conference Board confidence report. Cut-and-dry sign of a tapped-out consumer. A great leading indicator at turning points because it either coincides with the recession or occurs a few …
by GoldCore – Case for a pending financial collapse is well grounded warns Rickards – “Ticking time bomb” the Federal Reserve has created is set to go off… – Economist warns U.S. high-yield debt, default of “junk bonds” could cause …
by WARREN MOSLER Bad: Highlights Existing home sales have been leveling but the signal from pending home sales points to a new downturn. The pending home sales index for November fell 0.7 percent to 101.4 which is under Econoday’s consensus range …
by WARREN MOSLER No drama here: More housing weakness news: Highlights This has not been a good run for housing data. Pending home sales fell a very steep 2.6 percent in October which is far below Econoday’s consensus range. Existing …
by WARREN MOSLER Looks like without the build in private inventories GDP was about 2% lower at about 1.4%, and health care added .77% where health care premiums paid count as personal consumption. Also, the price index deflator was lower …